"They are not required to draw conclusions which are completely forward looking as part of a valuation".
Wut? In their DCF valuation they are drawing conclusions that are forward looking in regards to the gold price and exchange rate. They then incorporate these figures and others and include it in their valuation.
But dilution or debt payments seem to have excluded in the "independent" report...
EXU Price at posting:
8.6¢ Sentiment: None Disclosure: Not Held